Bertucci files for semester 11 bankruptcy, closing restaurants

Italian restaurant series Bertucci’s closes more sites after offering them Bankruptcy To reduce losses.

The Massachusetts -based actions, which have sites along the eastern coast, are known for the oven and pasta pizza, in Chapter 11, bankruptcy in Florida last week. It has been the third bankruptcy of the series since 2018.

Bertuchi closed seven of its weak sites – five in Massachusetts, one in Rod Island and one In Maryland. It now runs 15 locations restaurant in six states, according to court documents.

Bartucci Restaurant Series for Wipt Protection

The company cited “deterioration” American economy And “the lack of a request for consumers on old informal brands” as reasons that make the restaurant chain operating with a loss, according to the file.

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“With the presence of accumulation, inflationary pressures are still high, and a opposite spirit in the industry, the final straw (Bertuchi) has decreased this year as the world witnessed food costs rising, slow consumer spending, and unconfirmed global economy in (and out of decline,” as shown in bankruptcy documents.

BERTUCCI has assets and opponents ranging from $ 10 million and $ 50 million, according to the deposit.

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The restaurant chain hopes to provide business bankruptcy “breathing talisman” so that you can determine the best path forward and formulate a comprehensive reorganization plan, “he said in the deposit.

in April 2018Bartucci to protect from bankruptcy Chapter 11 and closed 15 restaurants. In December 2022, amid the challenges resulting from Covid-19 PandeMic Like the closure of restaurants and inflation, it declared bankruptcy for the second time and simplifying operations to 23 sites, according to the provision of the deposit.

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Bartucci did not respond to the Fox Business request for comment.